Economics Courses

120 Introduction to EconomicsA course introducing the student to contemporary economic discourse, with an emphasis on the pricing mechanism, competitive and monopolistic markets, poverty and inequality, national income, and unemployment. (Not open to anyone majoring in Business Administration or Economics, or anyone currently enrolled in or having completed Economics 121 and 122). (1) Lecture: 3 hrs/wk.

121 Principles of MicroeconomicsAn introduction to contemporary economic discourse, with an emphasis on the pricing mechanism, production, competitive and imperfectly competitive markets, game theory, poverty and inequality, public economics, and global trade. (1) Lecture: 3 hrs/wk.

122 Principles of MacroeconomicsAn introduction to contemporary economics discourse, with an emphasis on aggregate concepts and problems such as unemployment, inflation, growth, and international trade and the role of government in dealing with these problems. (1) Lecture: 3 hrs/wk.

227 Health EconomicsAn examination of the production of health and the role of medical services, the determinants of the demand for medical care and the impact of health insurance, the determinants of the supply of medical services, the role of government in promoting health and the financing and delivery of health care, and the impact of behavioral factors on health. (1) Lecture: 3 hrs/wk. Prerequisite: Economics 120 or 121.

232 Money and BankingMoney, credit, and the banking system with special emphasis on the role of money as a determinant of economic activity. Attention is also given to international monetary markets. (1) Lecture: 3 hrs/wk. Prerequisites: Economics 121 and 122

242 Economics of the Public Sector and its FinanceAn analysis of the relationship between the state and the market, with an emphasis on the role of the state in reducing poverty and inequality, promoting health, safeguarding the environment, addressing corporate power, and financing these activities through effective taxation.(1) Lecture: 3 hrs/wk. Prerequisites: Economics 121 and 122

247 International Trade and FinanceAn analysis of the benefits and costs of trade, the impact of trade barriers and controls, the effects of globalization, and the role of money and capital markets in international commerce.(1) Lecture: 3 hrs/wk. Prerequisites: Economics 121 and 122.

257 Competition, Monopoly, and Public PolicyAn examination of the role of the state in addressing corporate power. Topics emphasized include collusion, mergers, technology and intellectual property, and the uses of antitrust law and regulation.(1) Lecture: 3 hrs/wk. Prerequisite: Economics 120 or 121

261 Topics in EconomicsSelected topics involving problems and controversies of a social and political nature. (1) Lecture: 3 hrs/wk.

267 Labor EconomicsAnalysis of the short- and long-run aspects of the supply and demand for labor, with attention paid to labor market issues including wage inequality, human capital formation, and unemployment.(1) Lecture: 3 hrs/wk. Prerequisites: Economics 120 or 121.

287 Ecological Development EconomicsThe ecological, institutional and technological basis for the human economic system as a subsystem of the larger ecological and social systems, with examples drawn from various regions of the world. (1)Lecture: 3 hrs/wk.

321 Intermediate Theory: MicroeconomicsIn-depth coverage of contemporary economics discourse, with an emphasis on the pricing mechanism, competitive and imperfectly competitive markets, game theory, the distribution of income, and public economics. (1) Lecture: 3 hrs/wk. Prerequisites: Economics 121; Mathematics 111 or 112 or 121.

322 Intermediate Theory: MacroeconomicsAn examination of the measurement, analysis, and control of aggregate economic activity, with particular attention to the roles played by government in achieving full employment and price stability.(1) Lecture: 3 hrs/wk. Prerequisites: Economics 122, 232 or permission; Mathematics 111 or 112 or 121.

395, 396 Henry H. Fowler Public Policy SeminarA seminar taught with a scholar- statesperson that deals with a policy issue of public significance. (Made possible by the Henry H. Fowler Endowment. Open to selected students with department permission.) (1, 1/2)

405, 406, 407 Independent StudyA program of intensive study in economics carried out under the direction of a member of the departmental staff. (Open to majors with the permission of the department.) (1/2, 1, 1/2)

416 InternshipWork experience in private or public sector, utilizing analytical tools, and including a student project. (Admission by permission of department. May not be counted toward major credit.)

448 Introduction to EconometricsAn introduction to the statistical methods used in empirical economic research. The objective of the course is to provide both a working knowledge of econometric theory and an applied experience through estimating empirical models using econometric software. (1) Lecture: 3 hrs/wk. Prerequisite: Economics 321 or 322 and INQ 240 (Statistics 101); or permission.

495, 496, 497 Honors ProjectA program of independent study culminating in a paper, artistic creation, or performance. Prerequisite: To qualify for consideration to receive honors in the major, a student in his/her senior year or in the summer prior to the senior year, must work under the guidance of his/her committee. A written proposal and application must be approved by the committee and department. A minimum GPA of 3.4 in the major is required. 495 Honors Project is prerequisite for 497 Honors Project. (1/2, 1, 1/2)